1329-35 Highland Ave - Storefront Retail/Residential FOR SALE


National City, CA 91950
$999,990 USD
858-205-4646
1329-35 Highland Ave, National City, CA for Sale
$999,990 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 7.25% Cap Rate

1329-35 Highland Ave
National City, CA 91950


HIGHLIGHTS

  • nvestment Potential: The property is zoned MCR-2 Multi-Use Commercial-Residential (45 du/ac max) to allow the addition of up to 3 more units on top
  • Located on one of the busiest streets in San Diego County, this property offers a fantastic mix of residential income and commercial potential.

OVERVIEW

Unit 1329: Recently remodeled in 2020, this unit is currently generating $2,350 per month. The tenants have been there for 6 months and are on a month-to-month lease. Unit 1333: A long-term tenant has enjoyed this unit for over 17 years. This Section 8 tenant pays approximately $1,700 per month. Commercial Building: The front commercial space has a reliable tenant who has been in place for over 5 years, paying $2,000 per month. He is in month to month and willing to increase the rent Investment Potential: The property is zoned MCR-2 Multi-Use Commercial-Residential (45 du/ac max) to allow the addition of up to 3 more units on top of the commercial building, offering significant expansion opportunities. Located on one of the busiest streets in San Diego County, this property offers a fantastic mix of residential income and commercial potential. Situated across from Walmart, the residential units are set back from the street, providing a peaceful environment. Don’t miss out on this versatile property with great rental income and future development potential! Verify all information before Close of Escrow (COE).

FOR SALE DETAILS

PRICE

$999,990 USD

PRICE/SF

$406 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

MCR-2

APN/PARCEL ID

561-013-18-00

ASK ABOUT THIS PROPERTY

Ramin KarimiPemberley Realty, IncMore Info
858-205-4646

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Ramin KarimiPemberley Realty, IncMore Info
858-205-4646

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.